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Tourism is a major economic source of income in Dubai and part of the Dubai government's strategy to maintain the flow of foreign cash into the emirates. [19] The tourism sector contributed in 2017 about $41 billion to the GDP, making up 4.6% of the GDP, and provided some 570,000 jobs, accounting for 4.8% of total employment. [20]
VAT Return Filing [17] in Dubai is essential for taxable businesses. Once you have applied for VAT registration, your business will get the Tax Registration Number (TRN) and it is now mandatory to file VAT Return. As per standard, you need to file VAT returns every three monthly or quarterly.
The UAE went from being the 90th most expensive destination for expatriates in 2013 to the 31st in 2023. [14] As a result, thousands of middle-class workers left the country. [14] Saudi Arabia is competing with Dubai to attract these expatriates. [16] The absence of an easy route to citizenship is another cause of emigration. [15]
She bought an ‘unlivable’ house for $16,500 and made it her dream home — but you can reap the rewards of today’s expensive housing market without all the heavy lifting
For the best of Dubai’s luxury living, you can’t do better than these extravagant hotel suites and exclusive villas — some of the city’s, and the world’s, most extravagant and expensive ...
An online influencer has been arrested in Dubai over a satirical TikTok video in which he portrays a brash Emirati on a spending spree inside a luxury car showroom. The comedic sketch, in which he ...
UBS publishes various statistics relevant for calculating net wealth. These figures are influenced by real estate prices, equity market prices, exchange rates, liabilities, debts, adult percentage of the population, human resources, natural resources and capital and technological advancements, which may create new assets or render others worthless in the future.
The premium of Murban futures to Dubai quotes averaged $1.90 a barrel, steady from the previous month, while that for cash Dubai gained 43 cents to $1.57 a barrel during the month, according to ...